What's the difference between traditional banks and online banks? What is online banking?

1, users have different operating channels.

Online banking: a virtual counter set up by a bank on the Internet. Banks use network technology to provide customers with traditional services such as account opening, account closing, inquiry, reconciliation, intra-bank transfer, inter-bank transfer, credit, online securities, investment and wealth management through the Internet.

Traditional bank: there are specific locations and buildings, and customers need to go to the counter in person to carry out the required operations.

2. Time limit.

Online banking: customers can do the required operations through the Internet anytime and anywhere.

Traditional bank: users must operate in the corresponding working hours of the bank business hall.

3. Personalization.

Online banking: to meet the needs of customers for consulting, purchasing and trading a variety of financial products. In addition to banking, customers can easily buy and sell stocks and bonds online, and online banking can provide customers with more suitable personalized financial services.

Traditional banks: it is difficult for general business outlets to provide customers with detailed and low-cost information consulting services.

4, convenient and safe.

Online banking: paperless, safe and convenient for customers.

Traditional banks: need to carry cash, there are unsafe factors.

5.E-bank (electronic banking), sometimes called "electronic banking". It refers to the virtual bank counter based on the Internet and information sent by customers. As long as customers have a PC and a telephone line with Internet access, they can enjoy online financial services without time and space constraints.